Welcome to our dedicated page for Carters news (Ticker: CRI), a resource for investors and traders seeking the latest updates and insights on Carters stock.
Carter’s, Inc. reports developments tied to its baby and young children’s apparel business under brands that include Carter’s and OshKosh B’gosh. News commonly covers quarterly and annual results across U.S. Retail, U.S. Wholesale and International operations, including retail comparable sales, eCommerce activity, wholesale performance, margins and dividend actions.
Company updates also include brand collaborations, limited-edition apparel collections, community-oriented OshKosh B’gosh partnerships, demand-creation initiatives, operating model improvements and governance changes. These items reflect Carter’s multi-channel model, which combines stores, digital commerce and wholesale distribution for children’s apparel and related products.
Carter's (NYSE: CRI) has unveiled its Spring and Summer 2025 collections, featuring runway-inspired, affordable children's apparel. The new collection combines fashionable trends with practical, comfortable designs for babies and young children.
The collection includes several key lines: The City Collection featuring PurelySoft™ travel-inspired sleepwear; Sailor Core with nautical-inspired looks; 90s Coded featuring retro styles with modern twists; Totally Knit offering lightweight transitional knitwear; and Boho Era showcasing dusty rose and desert hues with bohemian influences.
According to Kendra Krugman, SVP and Chief Creative & Growth Officer, the collections respond to parents' demand for affordable, trendy children's clothing that aligns with their personal style preferences while maintaining practicality for daily wear.
Carter's Inc. (NYSE: CRI) announced the retirement of Michael D. Casey as Chairman and CEO after over 15 years in the role and more than 30 years with the company. Richard F. Westenberger has been appointed interim CEO while maintaining his position as Senior Executive Vice President, CFO & COO. William J. Montgoris, Lead Independent Director, becomes Non-Executive Chairman of the Board.
Casey will serve in an advisory capacity until February 28, 2025, to support the transition. The Board has initiated a comprehensive external search for a new CEO with assistance from Egon Zehnder. The company has reaffirmed its previously disclosed financial outlook for fiscal year 2024, with fourth quarter and full-year results expected in February.
Apollo Global Management (NYSE: APO) and Workday (NASD: WDAY) will be added to the S&P 500 prior to the open on December 23, 2024, replacing Qorvo (NASD: QRVO) and Amentum Holdings (NYSE: AMTM).
Several corresponding moves across the S&P MidCap 400 and S&P SmallCap 600 will occur the same day to realign constituents with their market-cap ranges.
Carter's (NYSE:CRI) has announced a quarterly dividend of $0.80 per share. The dividend will be paid on December 6, 2024, to shareholders recorded as of November 25, 2024. The Board of Directors will determine future quarterly dividends based on various factors, including the company's financial performance.
Carter's Inc. (NYSE: CRI) has appointed singer and actress Chloe Bailey as their first-ever S'Auntie Claus for a new holiday marketing campaign. The initiative includes a contest where fans can submit children's letters to S'Auntie Claus for a chance to win one of ten $500 Carter's gift cards. The contest runs until November 29, 2024, with winners announced on December 3, 2024.
Bailey has curated a selection of products from Carter's brands, including Carter's, OshKosh B'gosh, Little Planet, and Skip Hop, available on their website. The campaign aims to celebrate aunts and aunt-figures while promoting holiday shopping.
Carter's (NYSE:CRI) reported Q3 2024 results with net sales of $758 million, down from $792 million in Q3 2023. Operating margin decreased to 10.2% from 11.8%, while diluted EPS fell to $1.62 from $1.78. The company returned $138 million to shareholders through dividends and share repurchases. Despite challenging market conditions, Carter's reaffirmed its fiscal 2024 outlook with projected net sales of $2.785-2.825 billion and raised its adjusted diluted EPS outlook to $4.70-5.15. The company initiated a $50 million investment plan, allocating $40 million for competitive pricing and $10 million for brand marketing in the second half of the year.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced it will release its third quarter fiscal 2024 results on Friday, October 25, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and business outlook.
Interested parties can access the live webcast and presentation materials through the company's investor relations website at ir.carters.com. To join the call by phone, preregistration is required via a provided link. A webcast replay will be available shortly after the call concludes on the same investor relations website.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company will engage in a fireside chat on September 4, 2024, at 8:15 a.m. EDT in New York City. Investors and interested parties can access a live webcast of the discussion through the Investor Relations section of Carter's website at ir.carters.com. This event provides an opportunity for Carter's to share insights into its business strategies and market position with industry analysts and investors.
Carter's, Inc. (NYSE: CRI) has announced a quarterly dividend of $0.80 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on August 27, 2024. The Board of Directors made this declaration, emphasizing that future quarterly dividend declarations and the establishment of record and payment dates will be at their discretion. These decisions will be based on various factors, including the company's future financial performance and other considerations.
Carter's, Inc. (NYSE:CRI) reported its Q2 fiscal 2024 results, achieving sales and earnings objectives despite a challenging market environment. Key highlights include:
- Net sales of $564 million, down from $600 million in Q2 2023
- Operating margin improved to 7.0% from 6.3% in Q2 2023
- Diluted EPS increased to $0.76 from $0.64 in Q2 2023
- Returned $54 million to shareholders through dividends and share repurchases in Q2
The company faced a slow start in April but saw improved sales trends in subsequent months. Carter's achieved a record gross profit margin, reflecting strong product offerings and lower costs. The company ended the quarter with a higher cash balance and over $1 billion in liquidity.